USDJPY 30min analysis April 19th, 2021

Trade Scenario 1: Bearish - For us to go short we want to see price reject off 108.250. We will then enter on strong bearish setups, first targeting 107.850.

Trade Scenario 2: Bullish - For us to go long we want to see price break above 108.250. We will then wait for a retrace and for 108.250 to act as support. Enter on strong bullish setups, first targeting our edge of value around 108.400.